Citigroup Inc. Reiterates Neutral Rating for Capita PLC (CPI)

Capita PLC (LON:CPI)‘s stock had its “neutral” rating reaffirmed by Citigroup Inc. in a note issued to investors on Monday. They currently have a GBX 535 ($7.04) price target on the stock, down from their previous price target of GBX 640 ($8.42). Citigroup Inc.’s target price suggests a potential upside of 10.83% from the company’s previous close.

Several other research firms also recently issued reports on CPI. Deutsche Bank AG decreased their price objective on shares of Capita PLC from GBX 640 ($8.42) to GBX 580 ($7.63) and set a “hold” rating for the company in a research note on Tuesday, October 24th. Jefferies Group LLC restated a “buy” rating and issued a GBX 750 ($9.86) target price on shares of Capita PLC in a research note on Friday, September 8th. Peel Hunt upped their target price on shares of Capita PLC from GBX 466 ($6.13) to GBX 600 ($7.89) and gave the company a “reduce” rating in a research note on Thursday, September 7th. Numis Securities Ltd decreased their target price on shares of Capita PLC from GBX 850 ($11.18) to GBX 800 ($10.52) and set a “buy” rating for the company in a research note on Wednesday, November 1st. Finally, Shore Capital restated a “sell” rating on shares of Capita PLC in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Capita PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 590.07 ($7.76).

Shares of Capita PLC (LON:CPI) opened at GBX 482.70 ($6.35) on Monday. Capita PLC has a twelve month low of GBX 431.30 ($5.67) and a twelve month high of GBX 721 ($9.48).

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In related news, insider Ian Powell bought 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average price of GBX 580 ($7.63) per share, for a total transaction of £19,720 ($25,937.13). Also, insider Matthew Lester bought 8,698 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average price of GBX 570 ($7.50) per share, with a total value of £49,578.60 ($65,209.26). Insiders have bought 12,190 shares of company stock valued at $6,981,880 in the last 90 days.

Capita PLC Company Profile

Capita PLC is a United Kingdom-based company, which creates and delivers services in business process management. The Company’s segments include Digital & Software Solutions, Integrated Services, Local Government, Property & Health, Workplace Services, IT Enterprise Services, Customer Management, Capita Europe and Insurance & Benefits Services.

Analyst Recommendations for Capita PLC (LON:CPI)

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